Yahoo has gone beyond its useful years and its time is over, one analyst told CNBC on Wednesday.

Trip Chowdhry, managing director and senior analyst at Global Equities Research, told CNBC's "The Rundown" that from a fundamental point of view, no company will be interested in buying Yahoo, including Microsoft.

Last week, a report by
Re/code said the software giant might be interested in financing the bids of private equity firms looking to bid for Yahoo.

"I think Microsoft will participate with any private equity firm or whoever wants to buy [Yahoo] so that they maintain their influence ... [and] continue to provide its Bing search on Yahoo properties," said Chowdhry, adding he doesn't see the company buying Yahoo.

Yahoo and Microsoft started a partnership in 2009, which was amended in 2015, under which Microsoft pays Yahoo a percentage of Bing Ads revenue delivered from Yahoo searches.

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Yahoo signage at their headquarters in Sunnyvale, California.

In 2008, Microsoft had offered close to $45 billion for Yahoo, in a bid to combine and create a credible challenger to search rival Google. But Yahoo rejected the offer. Microsoft upped the bid by roughly $5 billion before withdrawing from the race after the new offer was rejected as well.

Microsoft said it has no comments to share at this point, when contacted by CNBC.

Yahoo has been in the spotlight in recent months amid halting efforts to restructure its business, especially after it called off plans to spin off its ownership stake in Alibaba. CEO Marissa Mayer has also come under fire.

The Journal, citing unnamed sources, reported Yahoo recently sent a letter to investors, asking them to detail by April 11 what assets they hope to buy, the expected price tag and how they would finance the purchase.